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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    16221 40th Ave Denver, CO 80239-5879

    • Strip malls
    • 10,100 SF
    • 1.55 lot acres
    OFF-MARKET
    Value Estimations
    $2,190,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US13-0105331
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Anthony's Pizza & Pasta / Restaurant
    • Pan Gu Asian Bistro / Restaurant
    • DNC Liquor / (Bike/Boat/Book/etc) Store / Wine and Liquor Store

    Property Details for 16221 40th Ave

    Year built
    2005
    Construction
    WOOD
    Lot size
    1.55 lot acres
    Property size
    10,100 SF
    Zone code
    GTWY
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    00204-01-010-000
    APU
    20401010000

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $2,670,000
      6.5%
      $2,465,000
      7%
      $2,285,000

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $3,280,000
      Current use
      COMMERCIAL (GENERAL)
      $3,270,000
      Change: -0% Conversion: Easy
      RETAIL STORES
      $3,250,000
      Change: -1% Conversion: Easy
      APARTMENT HOUSE (5+ UNITS)
      $3,140,000
      Change: -4% Conversion: Difficult
      MEDICAL BUILDING
      $3,065,000
      Change: -6% Conversion: Difficult

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Denver
    County
    Denver
    State
    Colorado
    Longitude
    -104.799
    Latitude
    39.7733
    CBSA code
    19740
    CBSA name
    DENVER-AURORA, CO METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $117,568
    $274,370
    $916,960
    $1,191,330
    -
    $1,013,400
    $3,286,600
    $4,300,000

    Comparable in this City

    • Value Estimation by Request
      1.19 Acres

      4621 Peoria St

      SHOPPING CENTER, STRIP CENTER • 1.19 Acres
      4621 Peoria St, Denver, CO 80239-4897
      View Details
    • Value Estimation
      $880,000
      5,200 SF

      4852 Chambers Rd

      SHOPPING CENTER, STRIP CENTER • 5,200 SF
      4852 Chambers Rd, Denver, CO 80239-5152
      View Details
    • Value Estimation
      $1,625,000
      9,831 SF

      4856 Chambers Rd

      SHOPPING CENTER, STRIP CENTER • 9,831 SF
      4856 Chambers Rd, Denver, CO 80239-5152
      View Details
    • Value Estimation
      $1,505,000
      7,381 SF

      4824 Chambers Rd

      SHOPPING CENTER, STRIP CENTER • 7,381 SF
      4824 Chambers Rd, Denver, CO 80239-5152
      View Details
    • Value Estimation
      $2,025,000
      12,320 SF

      4882 Chambers Rd

      SHOPPING CENTER, STRIP CENTER • 12,320 SF
      4882 Chambers Rd, Denver, CO 80239-5152
      View Details
    • Value Estimation
      $5,790,000
      44,790 SF

      4876 Chambers Rd

      SHOPPING CENTER, STRIP CENTER • 44,790 SF
      4876 Chambers Rd, Denver, CO 80239-5152
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      8,200 SF

      Retail Space Near Airport

      Retail property near airport with high traffic and visibility.
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      7,000 SF

      Retail Space Near Airport

      Retail property near airport with high traffic and visibility.
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    • $1,250,000

      Industrial Land with Infill Location

      Industrial land with easy access and commercial potential.
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      169,724 SF

      Denver Industrial Property: 169,724 SF

      Prime Denver Distribution Center, fully upgraded.
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      Retail Destination Land Opportunity

      32-acre retail destination near Costco and Denver Airport.
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      43,585 SF

      Denver Office Space For Sale

      43,585 SF office space available in Denver, Colorado.
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    Similar Nearby for Lease

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      81,022 SF

      Denver Industrial Land Opportunity

      1.87-acre lot, versatile zoning.
      4665 Paris St, Denver, CO 80239
      View Details
    • Contact for pricing

      Warehouse Space Available for Lease

      Class A warehouse space available for short-term lease.
      11220 53Rd Ave, Denver, CO 80239
      View Details
    • $9 SF/Yr
      62,247 SF

      Denver Industrial Warehouse Space

      62,247 SF Warehouse, Denver, CO
      10550 54Th Ave, Denver, CO 80239
      View Details
    • Contact for pricing
      169,724 SF

      Kingston Street Industrial Facility

      Prime Denver location, 169,724 SF manufacturing/distribution space.
      4550 Kingston St, Denver, CO 80239
      View Details
    • $19 SF/Yr
      63,500 SF

      Denver Office Space for Lease

      Multiple Suites Available, 665-4119 SF
      4730 Paris St, Denver, CO 80239
      View Details
    • Contact for pricing
      20,169 SF

      Industrial Warehouse Space Available

      20,169 sq ft warehouse space for lease.
      5150 Havana St, Denver, CO 80239
      View Details

    Property Visit Statistics

    • Visits by month
      847
    • Visitors by month
      490
    • Avg Time on site
      23 min
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    Denver, CO 80239-5879
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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